If you are a first time buyer or have not owned a  
    home in 3 years, learn more about how you can
    take advantage of the $8,000 tax credit when you
    purchase a home before April 30, 2010.  Consult                                                        your accountant or tax advisor to see if it makes sense for you.


 "BUY NOW” MAKING MORE SENSE 
  THAN EVER WITH $8,000 CREDIT.

    Declining home prices and low interest rates have
    created a favorable buyers market! Recent headlines
    have been touting that many real estate markets have
    turned to the point that homeowners would be paying
    less per month for their home owning it rather than
    renting it.

    First-time homebuyers have a window to qualify for up to a  
    $8,000 tax credit. The tax credit will be 10% of the purchase 
    price of a home, up to a maximum of the full $8,000 credit.

  DON'T MISS THIS GREAT BUYING 
  OPPORTUNITY!

    For parents or grandparents that would consider helping
    their kids buy a new home this is also a perfect time to
    jump on board and help out.  You can loan your kids the money
    for their down payment and they can pay you right back when
    they do their taxes!

    It should also be noted that most of the news stories
    have gone way overboard on new lending guidelines by
    portraying a market where there is almost no way to get
    a mortgage.

    THIS IS NOT TRUE! We can still do loans with as little
    as 3.5% down. Fixed rates, interest only and adjustable
    rate loans are all still available if you qualify.

  START YOUR SEARCH NOW!

 Get pre-approved and start looking today! Call: 
  Julie Wallach
  Senior Mortgage Consultant
  Direct (847) 878-5757
  Julie@PillarHomeLoan.com

 PROGRAM OUTLINE

    • The home must be the taxpayer’s principal residence. The home does not literally have to be the taxpayer’s first home.  You qualify if you have not owned a home for at least 3 years.

    • The home must have been purchased by April 30, 2010 and close by June 30, 2010.

    • The credit does not require you to pay it back as long as you live in the home for at least 3 years. 

    • If you have already completed your taxes, you can file an amended return to claim the credit right away!

    • There is an income limitation for this credit.  Married couples filing jointly must have an income of less that $225,000.  Single buyers must make no more than $125,000.  Higher income buyers may be able to receive a partial credit.

    • The credit is refundable, meaning that households with incomes too low to owe income tax can still benefit from it.